Bonds Analysis & Opinion

With bond yields (and interest rates) rising sharply, it’s understandable that most of the world is hoping for lower rates.Lower interest rates allow for more flexible lending to both businesses...

Cash is no longer trash, courtesy of sharply higher interest rates. Trailing yields on risky assets are looking up too.The source for the change in payout rates, of course, is a run of rate hikes by...

There is a time to be long, a time to be short, and a time to go fishing.As inflation skyrocketed and the Fed turned hawkish, bonds were kryptonite for investors for most of 2022: it was time to be...

US consumer inflation continues to ease, but less so than expected in January. Yesterday’s update suggests that the Federal Reserve will see the latest numbers as a new sign that pricing...

After taking a beating last year, US fixed income securities have clawed back some of the losses so far in 2023, based on a set of ETFs through yesterday's close (Feb. 9). But with the Federal Reserve...

Through the recent gyrations, markets seem to lack the conviction needed to push new lows in rates. The resulting range-trading environment brings lower rates of volatility and better risk appetite....

The Federal Reserve raised interest rates again this week and Chairman Jerome Powell says more hikes are coming. The bond market disagrees.The 2-Year Treasury yield – widely monitored as a proxy...

I was going to write a technical column today about how the sensitivity of bonds (and consequently, lots of other asset prices) to interest rates increase as interest rates decline, and discuss the...

Markets need to re-think the sustainability of the bond rally seen in the past month. Nominal and real rates are seen up. But not by very much. With no sense as of yet that the Fed is done, we...

Important inflation data hits Tuesday before the Fed finishes its final meeting of the year on Wednesday Corporate bond spreads should continue to be monitored, but we are not seeing significant...

The past few years have seen extreme volatility in the bond market, equating to similar interest rate fluctuations.And it all started with the onset of the coronavirus. The initial panic decline in...

Considering our national debt and the debts of companies and consumers, it’s evident that the bond market is critical to our economy.This is likely why the iShares iBoxx Investment Grade...

Weaker domestic inflation and lower dollar tailwinds for international fixed income Emerging market bonds have rallied sharply off their October low Continuation likely, but gains could be...

For someone who uses the bond markets as important indicators to the macro analysis, I am the furthest thing from an astute bond trader and am certainly not a bond investor. This probably owes to the...